Saturday, 17 April 2021 08:31

Iran’s annual agrifood exports hit $6.1 billion

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Irans annual agrifood exports hit 6.1 billion

Iran’s annual agrifood exports hit $6.1 billion

14 April 2021

Iran saw the value of its agrifood exports increase by 7.2% in the calendar year to March 20 despite trade restrictions imposed at borders to contain the coronavirus pandemic.

Figures by Iran’s customs authority (IRICA) released on Tuesday showed that exports of farming products had topped 6.1 billion in US dollar terms at the end of the past calendar year, up from $5.7 billion recorded for the year to March 2020.

Agrifood exports increased by 24.9% in volume terms over the same period, showed the figures covered in a report by the semi-official ISNA news agency which added that the weight of farming products shipments registered for exports at IRICA had reached a total of more than 8.8 million metric tons.

Main export items included pistachio, tomato paste, biscuits and confections while main destinations were China, Iraq, Russia and Afghanistan, said the report.

Rising exports of agrifood from Iran have come despite months of closures imposed at borders last year when governments in the Middle East and around the world were struggling to contain the spread of the coronavirus pandemic.

Iran has sought to encourage more exports of goods and services in recent years to offset losses suffered in its crude revenues because of US sanctions.

The Iranian agriculture sector has recorded significant growth figures since the US sanctions were imposed three years ago. That comes as agricultural output rose to over 130 million tons last farming year, up 32 percent compared to the same period in 2019.

Iranian farmers have specifically benefitted from growing exports of agrifood from the country as they keep earning more on certain crops for which demand in neighboring countries has significantly increased in recent years.

Source: http://en.otaghiranonline.ir/news/32845

Read 124 times Last modified on Saturday, 17 April 2021 08:32

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